Zhihu, definition “do we know?”, is a Chinese question-and-answer website, where questions are created, answered and edited by a village of 65 million purebred users, 18.5 million of that are active daily. Between a launch in 2010 and 2016, a site has had 6 million questions asked and 23 million answers posted. Zhihu attracts Chinese-language internet users seeking consultant trust and discernment into wide-ranging topics. At a start of 2017, a association was valued during £750 million after attracting investment from Capital Today, Tencent, Sogou, SAIF Partners, Qiming Venture Partners, and Sinovation Ventures.
VIPKID’s founder, Cindy Mi, wanted to reinvent a classroom for Chinese students. “The classroom as we know it has not unequivocally altered in 200 years,” she says. Her Beijing-based preparation startup provides students aged 5 to 12 in China with entrance to English-language teachers in North America, around one-on-one video sessions, during a turn that matches top-tier schools in a US. Mi founded VIPKID in 2013, and it has given grown into a tellurian practical propagandize of 200,000 students and 30,000 teachers. In Aug 2017, it reached unicorn standing with a gratefulness of £1.12 billion after a £562 million investment turn led by Sequoia Capital China and Tencent Holdings. Mi predicts some-more growth: “We pattern to have one million students in 2019 and we’re flourishing during about 4,000-5,000 new teachers per month. We trust we’ll have 10 million students in reduction than a decade.”
Tujia is China’s answer to Airbnb. Co-founded in 2011 by CTO Melissa Yang and CEO Luo Jun, it successfully harnesses China’s flourishing tourism industry, that has been propelled by rising disposable incomes and supervision support for a sector. The site lists 300,000 properties in 345 locations around China, tailored to Chinese travellers. Private homes embody a amenities we would find in a hotel: all properties are approaching to have unchanging cleaning services, oppulance villas come with a butler, and business can select to lease other items, such as bicycles, during their stay. The short-term skill let organisation is a country’s biggest, and is valued during some-more than £1.12 billion. The latest investment turn lifted £225 million from Chinese transport representative Ctrip.com, All-Stars Investment, China Renaissance’s New Economy Fund, and G Street Capital.
Cambricon is building a brain-inspired processor chip that simulates tellurian haughtiness cells and synapses to control low learning. The Beijing-based startup, founded in 2016, was valued during £750 million in Aug following a joining by a Chinese Academy of Sciences of £1.05 million for RD. If successful, a chip will be a initial processor to control low training by simulating tellurian nerves. What sets a chips detached from existent neural networks that need thousands of GPU-based accelerators, is a some-more fit pattern that uses reduction power. In 2016, it expelled a initial chip, 1A, designed for smartphones, confidence surveillance, unmanned aerial vehicles, wearables and unconstrained pushing vehicles. The company, founded by brothers Chen Yunji and Chen Tianshi, has 6 investors, that includes Chinese e-commerce hulk Alibaba Entrepreneurs Fund.
NetEase Cloud Music
NetEase Cloud Music launched in 2013 as a song streaming use where users could emanate playlists of their favourite songs and videos. It afterwards combined a amicable media aspect that speedy listeners to learn about a song and performers, and rivet with friends. The Beijing-based startup, founded by William Lei Ding, has given grown to unicorn standing – it’s now valued during £870 million, attracting investment from China International Capital Corporation, Hunan TV Broadcast Intermediary and Shanghai Media Group. As of Apr 2017, NetEase has 400 million users who have combined around 600,000 playlists.
Meituan-Dianping is a little-known startup (at slightest in a west) that is best described as a mashup between Yelp, Groupon and Uber Eats. The company, shaped by a 2015 merger, is now a world’s fourth many profitable tech firm, entrance in during £22 billion. Its height delivers food, provides reviews, sells groceries, garments and film tickets, and has valid appealing to investors such as Tencent Holdings and Sequoia Capital, who contributed to a latest £3 billion appropriation round.
Beijing-based NIO, before famous as NextEV, manufactures smart, electric and unconstrained vehicles. Beside creation cars for consumers, a association also participates in a FIA Formula E Championship, a world’s initial single-seater, all-electric racing series. Their NIO EP9 is a track-only, electric-powered, two-seater all-wheel expostulate supercar, that debuted in a Saatchi Gallery in London in 2016. In Apr 2017, NIO announced it would furnish 10 serve EP9s for pre-order to open business with £1.11 million to spare. Its judgment car, scheduled for recover in 2020, includes an AI digital partner that learns and adapts to a needs of both motorist and passenger. The auto-tech startup was founded by William Li in 2014, and it’s now valued during £2.16 billion, with subsidy from 24 especially Chinese investors.
Since a initial handset recover in Aug 2011, Xiaomi has turn a world’s fifth-largest smartphone maker. The wiring company, that also designs, develops and sells laptops, mobile apps and smarthome devices, made some-more than 60 million smartphones in 2014. That same year, Xiaomi was quickly a many profitable startup in a universe – until it was surpassed by Uber. It’s now third, behind Uber and Didi, with a gratefulness of £35 billion.
SenseTime is an AI startup that provides text, automobile and face approval to mobile internet financial services and confidence companies – and now, to Honda. The automobile manufacturer is focusing on AI and, in 2017, announced a partnership with SenseTime to energy a unconstrained cars in a future. The record has also been used by Chinese authorities to lane and constraint suspects by identifying them regulating cameras in open spaces such as airports and during festivals. SenseTime was valued in Jul during £1.10 billion after lifting a £307 million appropriation turn by 19 investors, including Qualcomm, Star VC, IDG Capital and Infore Capital. Founded in 2014 by Xiaolan Xu, a startup is approaching to enhance abroad in a nearby future.
Mogujie has forged out a niche in a conform e-commerce marketplace by consistent a amicable network with online shopping. Founded by Chen Qi in 2011, a app sells clothes, shoes, bags, accessories, make-up and beauty for immature women, who correlate by formulating print collages of a products they like. Hangzhou-based Mogujie targets immature audiences in a western marketplace and was strictly launched in a US and Europe in 2015. Since then, a site has captivated 130 million users, with 8 million active daily users. After a latest appropriation round, a association was valued during £1.27 billion.